Atlanta, GA Real Estate News Rental Market

Atlanta Metro Gets A Second Batch of New Apartments in 2016: See The Top 10 Largest Projects

Rent Cafe largest developments in 2016 in Atlanta metro

There’s nothing like a healthy dose of new apartments to cool down heating rent prices. Rents in the Atlanta metro area grew by a moderate 5.5% in 2016, keeping the average rent for the area around $1,128 as of the end of last year, below the national average. The metropolitan area renters witnessed the grand opening of thousands of new rentals for two consecutive years. In 2016, approximately 8,200 brand new apartments came on the market, after a round of 8,300 new apartments had just been opened during the previous year in Atlanta and surrounding suburbs, according to Yardi Matrix.

Many of these new apartment buildings are full-blown, large-scale developments with parks, professional-like sports courts, golf courses, and other lavish auxiliaries meant to draw the high-end renters’ attention. 8 of the 10 largest developments are located within the city of Atlanta, in prime locations, in the midst of the best shopping, entertaining, and restaurants the city has to offer, including the 32-story residential tower rising above them all, which makes the top spot on our list.

Here are Atlanta metro’s top 10 biggest rental developments completed in 2016:

#10. The Monroe in Atlanta: 217 rental units

TheMonroe in Atlanta Largest Developments 2016

Address: 222 Colonial Homes Drive NW, Atlanta, GA 30309
Rental types: 127 one-bedroom apartments, 86 two-bedroom apartments, 4 three-bedroom apartments
Property size: 4 and 5-story buildings, first-floor parking
Short description: The Monroe Atlanta offers a collection of professionally-designed rental homes with the most distinguished, high-quality finishes a renter could dream of.  There’s also a pool with aqua tanning deck and lounge seating, rooftop club room, a Bobby Jones Golf Course and an on-site stylist.
Photo credits: The Monroe Official Website, Yardi Matrix

#9. Alexan Vinings in Atlanta: 232 rental units

Alexan Vinings in Atlanta Largest Developments 2016

Address: 3340 Cumberland Blvd SE, Atlanta, GA 30339
Rental types: 144 one-bedroom apartments, 88 two-bedroom apartments
Property size: 6, 7 and 8-story buildings, first-floor parking and retail
Short description: Located in the vibrant Vinings neighborhood, Alexan Vinings impresses with stunning rooftop views of Buckhead and Midtown, a private yoga studio, a saltwater pool and poolside cabanas.
Photo credits: Alexan Vinings Official Website, Yardi Matrix

#8. Mills Creek Crossing in Scottdale: 235 rental units

Mills Creek Crossing in Atlanta Largest Developments 2016

Address: 3175 Mills Creek Circle, Scottdale, GA 30079
Rental types: 44 one-bedroom apartments, 131 two-bedroom apartments, 60 three-bedroom apartments
Property size: 2 and 3-story buildings
Short description: This charming suburban gated apartment community is partially affordable. It comes with a business center, swimming pool, and cardio fitness center.
Photo credits: Mills Creek Crossing Official Website, Yardi Matrix

#7. Heights at West Midtown in Atlanta: 244 rental units

Heights at West Midtown in Atlanta Largest Developments 2016

Address: 507 Bishop Street, Atlanta, GA 30318
Rental types: 176 one-bedroom apartments, 68 two-bedroom apartments
Property size: 5-story buildings
Short description: The Heights at West Midtown features an outstanding selection of sixteen distinct spacious floor plans, with soaring ten-foot ceilings, luxurious roman tubs, and stylish interiors. The community also offers its residents housekeeping services, valet dry cleaning, and valet trash removal.
Photo credits: RENTCafe

#6. Accent North Druid Hills in Atlanta: 310 rental units

Accent North Druid Hills in Atlanta Largest Developments 2016

Address: 7 Executive Park Drive NE, Atlanta, GA 30329
Rental types: 170 one-bedroom apartments, 140 two-bedroom apartments
Property size: 4 and 5-story buildings, first-floor parking
Short description:  The focus of this community is the health and wellness of its residents and the environment. It offers on-site fitness and nutrition training, recycling service and other sustainable features. It’s also quite generous with upscale amenities such as a top-notch fitness center, bark park and pet spa, and valet dry-cleaning.
Photo credits: Accent North Druid Hills Official Website, Yardi Matrix

#5. Sixty 11th in Atlanta: 320 rental units

Sixty 11th in Atlanta Largest Developments 2016

Address: 60 11th Street NE, Atlanta, GA 30309
Rental types: 15 studios, 191 one-bedroom apartments, 100 two-bedroom apartments, 14 three-bedroom apartments
Property size: 15-story building, five floors of parking and retail
Short description: The apartments at this new LEED-certified building features engineered hardwood flooring, floor-to-ceiling windows, glass-paneled balconies, quartz countertops, and Energy Star stainless steel appliances. One of its best features is the lavish rooftop deck with saline swimming pool, in-water tanning ledges, waterfall, pergolas, grilling areas, sports bar and fire places.
Photo credits: RENTCafe

#4. The Local on 14th in Atlanta: 360 rental units

The Local on 14th in Atlanta Largest Developments 2016

Address: 455 14th Street NW, Atlanta, GA 30318
Rental types: 228 one-bedroom apartments, 117 two-bedroom apartments, 15 three-bedroom apartments
Property size: 311,506 sq.ft., 4-story buildings
Short description: The Local on 14th offers rental homes in Atlanta’s industrial West Midtown neighborhood.  Some of its best features are culinary-inspired kitchen, bar, billiards, bocce ball court and complimentary shuttle drop-off and pickup from anywhere in Midtown on Friday and Saturday evenings.
Photo credits: The Local on 14th Official Website, Yardi Matrix

#3. Gables Brookhaven in Brookhaven: 374 rental units

Gables Brookhaven in Atlanta Largest Developments 2016

Address: 4420 Peachtree Road NE, Brookhaven, GA 30319
Rental types: 29 studios, 152 one-bedroom apartments, 173 two-bedroom apartments, 20 three-bedroom apartments
Property size: 4 and 5-story buildings, includes parking
Short description: Gables is a partial corporate housing, green building LEED – proposed with electric vehicle charging stations, bike storage, and other eco-friendly amenities. A self-proclaimed pet-centric community, they have a Gables Paws to Care™ program that celebrates pets while also giving back to the pet community.
Photo credits: Gables Brookhaven Official Website, Yardi Matrix

#2. AMLI Piedmont Heights in Atlanta: 375 rental units

AMLI Piedmont Heights in Atlanta Largest Developments 2016

Address: 2323 Piedmont Road NE, Atlanta, GA 30324
Rental types: 246 one-bedroom apartments, 129 two-bedroom apartments
Property size: 354,356 sq.ft., 5-story building, includes parking
Short description: A high-end LEED-platinum certified building, AMLI Piedmont Heights has quite a few eco-friendly perks: electric car charging stations, bike repair room, public transit access, energy star appliances and more.
Photo credits: AMLI Piedmont Heights Official Website, Yardi Matrix

#1. Atlantic House in Atlanta: 407 rental units

Atlantic House in Atlanta Largest Developments 2016

Address: 1163 West Peachtree Street NE, Atlanta, GA 30309
Rental types: 72 studios, 195 one-bedroom apartments, 140 two-bedroom apartments
Property size: 32-story building, includes retail and parking
Short description: One of the tallest apartment buildings in Atlanta, Atlantic House rises 32 stories high above the city. A green LEED – proposed building with a long list of world-class amenities, the property’s highlights are 24/7 concierge, an unmatched array of fitness choices, and an outstanding location.
Photo credits: Atlantic House Official Website, Yardi Matrix

Property data provided by our sister company Yardi Matrix, a business development and asset management tool for brokers, sponsors, banks and equity sources underwriting investments in the multifamily, office, industrial and self-storage sectors. For more information, visit https://www.yardimatrix.com/.

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About the author

Nadia Balint

Nadia Balint is an online content developer and creative writer for RENTCafe. She loves writing and reading about real estate, lifestyle and travel. She finds joy and inspiration in the little things in life. You can get in touch with Nadia via email: nadia.balint@yardi.com.

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